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Best Practices: Know When You Can Cancel
When an applicant lies on an application, know if you can retroactively cancel a policy before you try to do it. You won’t always be able to....
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Regulators, Lawmakers Looking Past Florida as They Focus on Actions of P/C Carriers
Gov. Charlie Crist's signing of a property insurance reform package in Florida and State Farm's settlement of hundreds of Hurricane Katrina lawsuits in Mississippi may be signaling the beginning, not the end, of compliance headaches for property/casualty carriers....
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Insurers See Little to Like in Florida Legislation
It is likely that insurers won’t find much good in the legislation passed Jan. 22 to address the property insurance crisis in Florida....
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State Farm’s Mississippi Hurricane Settlement Being Pushed As Model for Other Carriers
The State Farm class action settlement reached Jan. 23 with the Mississippi attorney general could will undoubtedly serve as a model for other carriers to settle claims with their own policyholders....
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Connecticut Seeks to Ban Shutter Requirement; Wants Discounts, Notices for Homeowners
The Connecticut attorney general has submitted draft legislation that would prohibit insurance companies from requiring that property owners install hurricane shutters as a condition of insurance....
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Georgia Regulator Sets Hearing to Determine If Insurer’s Commissions, Endorsement Are Legal
Georgia insurance commissioner John Oxendine wants to know if St. Paul Travelers is breaking any rules by allegedly cutting commissions to insurance agents who sell along the coast....
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Congress Steps Up Interest in Insurance Reform
Lawmakers in both houses of Congress are also keenly interested in investigating Hurricane Katrina claims....
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With ACLI Support, NASD-NYSE Merger Is A Step Closer
Streamlined regulation of insurer-affiliated and other broker-dealers is a little closer, now that NASD member firms have voted to approve a merger with the regulatory arm of the New York Stock Exchange....
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SEC Lawsuit Targets Chicago Hedge Fund that Used Lincoln Financial for Market Timing
Lincoln National Life Insurance Company has learned a hard lesson about market timing: You have to remain vigilant, even when you have strong safeguards to prevent it....
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Massachusetts Auto Reforms Put On Hold Until Governor Can Review High-Risk System
The Massachusetts auto insurance reforms that were to go into effect in April and govern a new assigned-risk plan are on hold for 90 days....
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Dale Says He Wants to Stay On In Mississippi
The longest-serving insurance commisioner in the country will seek re-election....
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Rules, Regs & Bulletins Jan. 29, 2007
A sumary of recent regulatory and legislative actions....
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Compare Your Salary Against Industry Averages
How does does the salary of an insurance company attorney compare with other attorneys in corporate America? Find out by completing the ICI Salary Survey....
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